Company mergers, the consolidation of cloud technologies, and the interconnected nature of digital business have all led to a more efficient, fast-paced digital economy. But these advantages have also ushered in a higher degree of cyber risk concentration that stands to threaten national security and global economies.

As the world becomes more and more digitally intertwined, the significance of data security cannot be overstated. Data theft, a critical threat to organizations worldwide, poses severe challenges, jeopardizing both reputational integrity and financial health. This blog post aims to dissect the concept of data theft, understand its impacts on organizations, and outline proactive measures to safeguard against such threats.

In the vast and interconnected world of information technology, the security of network services and protocols is paramount for organizations of all sizes. Among these, Samba—a free software re-implementation of the SMB/CIFS networking protocol—plays a crucial role in facilitating file and print services across various operating systems, including Unix, Linux, IBM System 390, and Windows.

In July 2023, the U.S. Securities and Exchange Commission (SEC) announced new cybersecurity rules that require publicly traded companies in the U.S. to disclose material cybersecurity incidents within four business days of determining whether the incident is material to the company’s financial performance. SecurityScorecard recently hosted a webinar discussing the implications of the new rules and how compliance, security, and legal experts can elevate their game to meet these new regulations.

The cybersecurity community woke up on Thursday to news of a cyberattack on Sisense, a major business analytics software company. It’s thought that the breach may have exposed hundreds of Sisense’s customers to a supply chain attack and provided the attacker with a door into the company’s customer networks.

The ongoing cyberattack on Change Healthcare, a major player in medical claims processing in the United States, had profound repercussions across the healthcare sector. With the company forced to disconnect over 100 systems, medical claims processing ground to a halt. This disruption, termed by the president and chief executive of the American Hospital Association as “the most serious incident of its kind” in healthcare, brought many medical providers to the brink of closure.

Now more than ever, the specter of cyber threats looms large over organizations of all sizes and sectors. The consequences of a data breach stemming from just one vulnerability can be catastrophic, ranging from financial losses to irreparable reputational damage. As businesses strive to reinforce their defenses against these evolving threats, the need for a reliable and predictive cybersecurity risk assessment tool has never been greater.

SecurityScorecard STRIKE threat researchers discovered 12 zero-days in customer environments in the last year. Attacks are increasingly targeting third-party software. The zero-day vulnerability that emerged in Progress Software’s MOVEit Transfer product last year was a stark reminder of the real-world impact of such vulnerabilities. It wreaked havoc on businesses and governments worldwide, with cyber criminals exploiting it since May of 2023.